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FMA secures Asset Preservation Orders over Arena Capital Limited / Blackfort

Media release
MR No. 2015 – 017
21 May 2015

The FMA confirms that it is undertaking an investigation into Arena Capital Limited (Arena), trading as BlackfortFX (Blackfort). The FMA has obtained asset preservation orders over the assets of Arena/Blackfort and associated persons, in light of concerns that investor funds may be at risk. 

Arena is registered on the Financial Service Providers Register and purports to offer foreign exchange services to clients. The FMA is concerned that Arena may be operating in breach of financial markets legislation. We cannot comment further at this stage to protect the integrity of the investigation. 

The FMA is working with the Serious Fraud Office and we will provide further information as soon as we are able. 

Any investor with information about Arena/Blackfort is encouraged to go to the FMA’s website where investors can use the online complaint form to provide information, or call the FMA helpline: 0800 434 567.

Contact:
Andrew Park
09 967 1215
021 220 6770
andrew.park@fma.govt.nz